OJSC Polyus Gold (RTS and MICEX: PLZL) announced today that its daughter company, ZAO Polyus had accomplished a deal on purchasing of the additional share issue from Matrosov Mine (Magadan region). ZAO Polyus acquired entire 191 870 shares of the additional issue through closed subscription at 7 036 rubles per share. As result of a deal ZAO Polyus has become the owner of 93,3% total shares of OJSC “Matrosov Mine”.

Polyus Gold CEO Eugene Ivanov stated that “the amount of 1.3 bln RR (approx. US$ 48 mln.) paid for purchasing of the Matrosov Mine shares would provide further development of the giant Natalka gold deposit in Magadan region, in particular further exploration works and building of the pilot processing plant at the deposit”.